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UASLAS

This scheme is open to staff on Grades 1-4. UASLAS is the University of Aberdeen Superannuation and Life Assurance Scheme. From the 1^st August 2011 the scheme has operated on a Career Average Revalued Earnings (CARE) basis. All existing members benefits accrued to 31^st July 2011 will remain unchanged and all future benefits accrued for existing and new members of the Scheme will be based on CARE.

What is CARE?

Each year you will earn a block of pension and lump sum based on your Pensionable Salary for the year, which will build up towards your total pension and lump sum.
Each block of pension will be earned at the rate of 1/80^th (3/80^thfor lump sum) of Pensionable Salary for that year.
Each block of pension and lump sum will increase by the annual increase in inflation up to a maximum of 5% pa until your date of retirement.

The Scheme also provides a death in service lump sum of 3 times your pensionable salary and also provides spouse's and, at the discretion of the Trustees, dependant's pensions. To assist the Trustees, it is important that you complete and update beneficiary/dependant forms as necessary.